Elliot Wave Analysis applied to BTC Market Cap Dominance.
Waves I and II have been completed. In my count Wave III has not completed its 5th leg up yet. If we get to the 1.618 fib extension of Wave I to II and market dominance level gets rejected at this point, we will probably enter Wave IV, which could lead all the way down to the green trendline. Playtime for...
Elliot Wave minor degree Zig Zag forming.
'$ 11.446 level is key. If this level gets broken than we could head for the '$ 8.000 range sooner than most of us expected.
We will find out soon enough!
I'm sorry guys. I don't want this to happen either. However this inevitable correction is far due date.
Elliot wave classic A, B, C retracement for Reddcoin.
For rebuy levels look for the fib retracement of the following levels:
If you followed our last Technical Analysis on RDD you are enjoying some real nice profits by now!
'Reddcoin RDD finally woke up! If you acted on our Technical Analysis of november 20th you made some real nice gains by now.
Fib extensions on the RDDUSD chart can be taken as guidelines for profit taking.
Reduce risk, stick to your plan and don't let greed get the hold of you.
Hard to tell what is possible. If the RDDBTC chart is still representative than we...
Our last post on BTCUSD seems to have been spot on!
Bitcoin BTC USB on the 30 min chart shows a nice A-E contracting triangle pattern. If the pattern gets fullfilled then we might be heading to the 22K sooner than expected!
Be prepared and trade smart!
Today we broke major resistance at the 18K level. 'BTC is still going strong! We're heading for the 19.800 ATH soon!
Elliot Wave count:
Minor: 5th (target 22.000)
Minute: 3rd (target 19.800)
'FTC going strong! A lot of volume came in thanks to the expected rise in price. It took a little longer than we hoped but oh boy we made some nice profits so far.
'FTC still shows no real signs of exhaustion on the 1.618 fib extension.
Reddcoin might give us a nice opportunity to a 5 or 6X move in the near future. After a deep 2nd wave correction we are ready for some real action in the 3rd impulse wave.
3rd waves are common to have the biggest movements so hold on tight!
The 1st wave of this Impulse Wave at Primary Degree has retraced to the 0.786 Fibonacci level.
The 2nd wave being a corrective pattern that could turn out to be a double three combination.
Let's see where this 3rd wave will bring us.